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Your AI-native Chief Financial Officer. Unify your net worth, automate your ledger, and compute your financial future. The signal, minus the noise.

San Francisco, CA
Joined May 2020
Photo by Maxint (@maxintapp)Photo by Maxint (@maxintapp)Photo by Maxint (@maxintapp)Photo by Maxint (@maxintapp)Photo by Maxint (@maxintapp)
RT @supabase: We are seeing widespread reports of connectivity issues across all regions. We suspect an issue in an upstream provider given…
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@maxintapp is hiring a Backend Developer wellfound.com/l/2AE5Gc We are looking for someone who is proficient in @PostgreSQL @supabase @nodejs @Docker @github , @ubuntu @awscloud @HashiCorp @ThePSF @typescript @FlutterDev
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Maxint joins Cloudflare Workers Launchpad Cohort #4 blog.maxint.com/maxint-joins…
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Maxint retweeted
🆕 Announcing Bridge: Enabling Zelle for Neobanks Teller Bridge brings Zelle to non-bank FIs by supporting enrollment with the debit card PANs they issue. Send payments and create payment requests via API to build a fully native Zelle experience as if you were a first-class participant of the Zelle scheme. Unlock the power of Zelle with Teller Bridge. teller.io/blog/2023/10/20/in…
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Since 2001, banks have collected $11.44 trillion in interest on loans, while only paying out $2.64 trillion in interest on deposits. This means that banks have made a 333x return on investment or profit of $8.8 trillion on interest alone.
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The prisoner's dilemma facing $SIVB depositors will decide the fate of the bank. Here is why: 🧵👇 $SIVB has ~40K clients with ~$150B in uninsured deposits, or 97% of total deposits.
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Proud to be at the top of the Best Banks for Startups list via @maxintapp. bit.ly/3HLQ3kJ Learn more about how Startup Services can help take your business to the next level: pacwest.com/expertise/busine…
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4.55% if you refer a friend...
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Inflation crossed today’s 9.1%, 6 times since 1913: • Dec’78 - Second oil shock • Jan’74 - Oil shock leading to stagflation • Feb’51 - Korean War inflationary period • Jul’46 - Post-world war II • Oct’41 - Pre-world war II • Sep’16 - Pre-world war I 🧵👇
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Y Combinator’s Startup School live summer course starts on June 27! If you’re working on an early stage startup or interested in starting a company, sign up here: startupschool.org @ycombinator @startupschool
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150% return on Treasury Series I Savings Bonds since 1998, vs. 22% loss on Bank Savings Accounts. If you saved $10,000/year for the last 25 years, today your $250,000 savings, after interest and inflation are: • $194,639 in Bank account, vs. • $625,130 in Treasury account
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In 2021, Millennials experienced the highest inflation in their lifetime. Then, they started purchasing savings bonds. Here's the 3-Step framework they used to protect their cash from inflation. 🧵👇
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A trillion was lost in purchasing power of savings accounts in 2021, due to high inflation and low interest rates offered by banks. Protect your savings from inflation with Series I Bonds. 🧵👇
Interest charged on loans by banks marked the bottom in 2021.
Banks make money by collecting deposits, for which they pay you interest, and issuing loans, for which they charge you interest. The difference between these two interest rates is called interest rate spread. Here is how the top 3 banks made money in 2021.
30x higher interest than the national average was offered by @synchrony in 2021. #bestbank2021 Here is the ranking of the top 9 within the largest 50 banks based on deposits. @ally @AmericanExpress @marcus @CapitalOne @HSBC_US @MorganStanley @synovus
5 largest #nofee banks in 2021, based on deposits: - @CharlesSchwab Bank $393B - @marcus by Goldman Sachs Bank $318B - @MorganStanley Bank $290B - @UBS Bank $112B - @AmericanExpress Bank $86B Switch to #nofee bank, say goodbye to bank fees.
26% of 827 million bank accounts earned zero interest in 2021. The yield on the remaining 74% of accounts was 0.35%, while #inflation was 7%. As a result of no/low yield and high bank fees, bank account owners lost $1.3 trillion in purchasing power.
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